Numbani Coin Intro

www.numbani.org

Numbani is the patent pending mortgage-backed cryptocurrency (MBC) that will revolutionize pooled mortgage security bonds, the secondary mortgage market, and cryptocurrencies. An MBC is created by backing cryptocurrency digital assets such as cryptocurrency coins (“CC”) and cryptocurrency tokens (“CT”) with more traditionally accepted home and real estate loan assets. Backing a cryptocurrency means that something is provided as collateral. Home and real estate loans are used as collateral for MBCs. MBC owners are paid the proceeds of the assets that back the cryptocurrency. For example, if mortgages back the cryptocurrency, the loan payments are paid to the MBC owners. Owning MBCs therefore creates passive income through partial pool ownership for a user based upon the total share of MBCs possessed by the user. MBC’s use of decentralized blockchain technology also creates greater transparency, security, and greater accessibility by removing the need for brokers to sell mortgage-backed digital assets to users.

MBCs resolve the deficiencies of both traditional mortgage-backed securities (MBSs) and cryptocurrencies:

MBCs make assets backed by home or real estate loans more decentralized and easily accessible to users and by reducing extreme market price volatility.

MBCs reduce barriers to entry by eliminating sizeable minimum investment requirements and eliminating the friction caused by the need to purchase the security from a separate broker.

MBCs reduce extreme market price volatility faced by many cryptocurrencies because they are backed by traditionally accepted home and real estate loans.

MBCs reduce cybersecurity risk associated with using highly centralized computers to perform and settle MBS transactions. Centralized computers are vulnerable to bad actors seeking to perform counterfeit transactions, fraudulent payouts, or even to erase records associated with authentic investments.